Russia policy rate in 2024 (3 changes)

Start of year16.00%

End of year21.00%Dec 31, 2024

Net change+500 bp3 hikes, 0 cuts

Average17.513%

Rank by level2 / 38

Changes in 2024

Date	From	To	Change
Jul 29, 2024	16.00%	18.00%	hike +200 bp
Sep 16, 2024	18.00%	19.00%	hike +100 bp
Oct 28, 2024	19.00%	21.00%	hike +200 bp

Compared with other areas at the end of 2024

Türkiye47.5%

Russia21%

Brazil12.25%

Mexico10%

Colombia9.5%

Iceland8.5%

South Africa7.75%

Romania6.5%

India6.5%

Hungary6.5%

Indonesia6%

Serbia5.75%

Poland5.75%

Philippines5.75%

North Macedonia5.55%

Saudi Arabia5%

Peru5%

Chile5%

Hong Kong4.75%

United Kingdom4.75%

Norway4.5%

Israel4.5%

United States4.375%

Australia4.35%

New Zealand4.25%

Kuwait4%

Czechia4%

Canada3.25%

China3.1%

Euro area3%

Malaysia3%

South Korea3%

Sweden2.75%

Denmark2.6%

Morocco2.5%

Thailand2.25%

Switzerland0.5%

Japan0.25%

Year-end rate over time

202614%

202516%

202421%

202316%

20227.5%

20218.5%

20204.25%

20196.25%

20187.75%

20177.75%

201610%

201511%

201417%

20135.5%

20128.25%

20118%

20107.75%

20098.75%

200813%

200710%

200611%

200512%

200413%

200316%

200221%

200125%

200025%

← 2023 2025 →

2024: hikes and cuts worldwide →

Daily policy-rate data compiled by the BIS. Not investment advice.